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Business

Evette Mitkov

Concentrix Shares Fall After Q3 Earnings miss And Reduced Guidance

Concentrix CNXC

Businessman,Grabs,The,Head,Concept,With,Business,Chart,On,Scoreboard

Concentrix Corporation (NASDAQ: CNXC) shares are trading lower after the company reported worse-than-expected third-quarter adjusted EPS results and cut its fiscal 2025 adjusted EPS guidance below estimates.

What Happened: Concentrix reported quarterly earnings of $2.78 per share, which missed the Street estimate of $2.86. Quarterly revenue was $2.48 billion, above the analyst consensus estimate of $2.45 billion.

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